I have 7 students loans each listed 3 times on my credit report. No negatives, but I'm worried about hurting my credit score due to the average date of accounts. Original 7 loans through Nelnet with dates around 1996 listed as transferred. These loans were then consolidated in to one loan in 2009 with the DOE and listed as one entry on credit reports with an open date of 1996. The DOE then lists each loan separate with an open date of 3/2009. Status is opened with a 0 balance. The DOE then lists each loan again with an open date of 4/2010. Status is open/deferred with balance. So, in short, I have the same 7 loans listed 3 times with dates of 1996,2009,2010. Since, all the loans were originally opened around 1996 should I see if the DOE will list open dates of 1996? Should I get the 2009 DOE entries deleted? **actually, equifax only lists the 2009, 2010 entries which hurts my equifax score quite a bit. Thanks for any feedback.
What else do you have on your credit reports? These loans aren't the only things right? Anyway, it's hard to really tell how much this is negatively affecting your credit scores. You have never made late payments and everything looks to be in good standing, which is the most important thing. However, they should still be reporting the number of loans you have correctly. Anyway, it sounds like the original 7 loans were consolidated, and that's fine. However, I can't say I understand why the DOE is then listing each loan individually if they were all consolidated under one loan. I haven't run into this problem before, but it would seem logical to me that a consolidated loan should only show as ONE loan on your credit reports. I would follow up with the DOE and try to determine why they are reporting the way they are. If they won't help you, dispute the errors through the CRAs and see how they respond.
